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Improving Competitiveness and Fostering Productivity in Spain/Mejorar la competitividad y fomentar la productividad en España

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  • ESCUDERO, VERÓNICA

    () (International Institute for Labour Studies, INTERNATIONAL LABOUR ORGANIZATION, SWITZERLAND.)

  • LÓPEZ MOURELO, ELVA

    () (International Institute for Labour Studies, INTERNATIONAL LABOUR ORGANIZATION, SWITZERLAND.)

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    Abstract

    Competitiveness in Spain has deteriorated dramatically over the past decade driven mainly by a decrease in labour productivity. Since the onset of the current crisis, however, there were some signs of recovery in labour productivity, which accompanied by well design policies could lead to a sustainable improvement in competitiveness. The purpose of this paper is to shed light on the main factors that lead to the deterioration in Spain’s competitiveness and describe some of the recent developments that lead us to believe that there are early signs of a departure from pre-crisis growth patterns. Finally, the paper discusses a number of policy shortcomings that Spain will need to address in order to attain a sustainable improvement in labour productivity and, therefore, make a structural transformation towards a more balanced economic growth. La competitividad en España se deterioró drásticamente a lo largo de la última década, motivada principalmente por una caída en la productividad laboral. No obstante, desde el comienzo de la actual crisis económica, han empezado a observarse ciertos signos de recuperación en la productividad laboral que acompañados de las políticas correctas podrían desembocar en una mejora sostenible de la competitividad. El objetivo de este artículo es arrojar luz sobre los principales factores que explicaron el deterioro de la competitividad en España y describir los acontecimientos recientes que nos permiten pensar en una trayectoria diferente de la del crecimiento anterior a la crisis. Finalmente, el artículo presenta una serie de recomendaciones de política que España debería tener en cuenta para alcanzar una mejora sostenible en la productividad laboral y, por lo tanto, lograr una transformación estructural hacia un creci-miento económico más equilibrado.

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    Bibliographic Info

    Article provided by Estudios de Economía Aplicada in its journal Estudios de Economía Aplicada.

    Volume (Year): 30 (2012)
    Issue (Month): (Abril)
    Pages: 105-136

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    Handle: RePEc:lrk:eeaart:30_1_1

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    Postal: Beatriz Rodríguez Prado. Facultad de CC.EE. y EE. Avda. Valle del Esgueva. Valladolid 47011 SPAIN
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    Related research

    Keywords: Competitividad; productividad laboral; determinación salarial. ; Competitiveness; Labour Productivity; Wage Determination.;

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    References

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    1. J. Andres & J.E. Bosca & R. Domenech & J. Ferri, 2010. "Job Creation in Spain. Productivity Growth, Labour Market Reforms or both," Working Papers 1013, BBVA Bank, Economic Research Department.
    2. Quesada Ibáñez Javier & Mas Ivars Matilde, 2006. "The Role of ICT in the Spanish Productivity Slowdown," Working Papers 201035, Fundacion BBVA / BBVA Foundation.
    3. Juergen Donges & James Riedel, 1977. "The expansion of manufactured exports in developing countries: An empirical assessment of s upply and demand issues," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 113(1), pages 58-87, March.
    4. Marcel P. Timmer & Mary O’Mahony & Bart van Ark, 2007. "EU KLEMS Growth and Productivity Accounts: An Overview," International Productivity Monitor, Centre for the Study of Living Standards, vol. 14, pages 71-85, Spring.
    5. Dale W. Jorgenson & Kazuyuki Motohashi, 2003. "Economic Growth of Japan and the United States in the Information Age," Discussion papers 03015, Research Institute of Economy, Trade and Industry (RIETI).
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